ANZPT7 Melbourne Day 3: Open the floodgates

We've reached that point.

The bubble burst with the final hand of last night's action and now it's time for the shortstacks to get it in and gamble.

The 63 remaining players have all guaranteed themselves a $3,200 return and will be chasing that $261,200 top prize when the champion is crowned tomorrow. The plan today is to play down to our final seven and we're expecting to arrive at some point in the next eight levels. There are a few shortstacks in the mix after play slowed down before the bubble last night so we could be in for an action-packed start here for Day 3.

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That bubble would burst last night as the new chip leader emerged. Kenn Langcake sent Minh Nguyen to the rail in 64th place with aces over kings to snatch the top spot in the dying stages. Langcake now sits with 440,500 in chips as play begins.

Rumour has it this is Langcake's first live event with no live cashes to his name, but he has seen significant success on the virtual felt. Locking up a Main Event cash here it's a great start to his live poker career and he's found himself in prime position to make a deep run.

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Current chip leader Kenn Langcake

Joining Langcake as the frontrunners include Mario Doria with 422,000, Samuel Higgs on 416,500 and Day 1B end-of-day chip leader Hyeong Wook Choi with 401,500.

Also still in the race are ANZPT Sydney reigning champion Jim Psaros (277,500), Australian Poker Hall of Famer Leo Boxell's son Danny (88,000) and Aussie Millions Main Event winner Manny Stavropoulos (186,000). Trailing the field as play begins is Rory Young with 32,500 in chips.

There is only 16 minutes left of Level 15 as the action recommences. Blinds continue at 2,000/4,000 with a 500 ante and the average stacks sits at 165,000. We'll see 63 become just seven tonight as we edge closer to our last-ever ANZPT Main Event final table.

We hope you can join us here at the PokerStars Blog for all the stories from Crown Melbourne and be sure to check in with the team at PokerNews for all your live reporting needs!